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Indong Tea Company IPO vs Shera Energy IPO

Comparision between Indong Tea Company IPO and Shera Energy IPO.

IPO Details

Indong Tea Company IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Shera Energy IPO is a SME Book Built Issue proposed to list at NSE SME.

  Indong Tea Company IPO Shera Energy IPO
Logo Indong Tea Company IPO Logo Shera Energy IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Book Built Issue
Listing At BSE SME NSE SME
Lead Managers Finshore Management Services Limited Holani Consultants Private Limited
Registrar Cameo Corporate Services Limited Bigshare Services Pvt Ltd
Market Maker Nikunj Stock Brokers Limited Holani Consultants Private Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Indong Tea Company IPO is up to ₹13.01 Cr whereas the issue size of the Shera Energy IPO is up to ₹35.20 Cr. The final issue price of Indong Tea Company IPO is ₹26.00 per share and of Shera Energy IPO is ₹57.00 per share.

  Indong Tea Company IPO Shera Energy IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹55.00 per share
Issue Price (Upper) ₹57.00 per share
Issue Price (Final) ₹26.00 per share ₹57.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 4000 shares 2000 shares
Fresh Issue Size 50,04,000 shares 10,48,000 shares
Fresh Issue Size (Amount) up to ₹13.01 Cr up to ₹5.97 Cr
OFS Issue Size 51,28,000 shares
OFS Issue Size (Amount) up to ₹29.23 Cr
Issue Size Total 50,04,000 shares 61,76,000 shares
Issue Size Total (Amount) up to ₹13.01 Cr up to ₹35.20 Cr

IPO Timetable

Indong Tea Company IPO opens on Feb 09, 2023, while Shera Energy IPO opens on Feb 07, 2023. The closing date of Indong Tea Company IPO and Shera Energy IPO is Feb 13, 2023, and Feb 09, 2023, respectively.

  Indong Tea Company IPO Shera Energy IPO
Anchor Bid Date Feb 06, 2023
Issue Open Feb 09, 2023 Feb 07, 2023
Issue Close Feb 13, 2023 Feb 09, 2023
Basis Of Allotment (Tentative) Feb 16, 2023 Feb 14, 2023
Initiation of Refunds (Tentative) Feb 17, 2023 Feb 15, 2023
Credit of Share (Tentative) Feb 20, 2023 Feb 16, 2023
Listing date (Tentative) Feb 21, 2023 Feb 17, 2023
Anchor Lockin End date 1 Mar 18, 2023 Mar 16, 2023
Anchor Lockin End date 2 May 17, 2023 May 15, 2023

Financials

Indong Tea Company IPO P/E ratio is 9.52, as compared to Shera Energy IPO P/E ratio of 15.16.

  Indong Tea Company IPO Shera Energy IPO
Financial
Indong Tea Company Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-204,136.261,672.64-121.29-421.851,174.942,097.43
31-Mar-214,059.792,313.00127.56-294.301,302.491,841.74
31-Mar-224,324.961,992.97131.62863.681,971.48960.09
30-Sep-224,689.741,324.22204.611,068.292,176.091,047.42
Amount in ₹ Lakhs
Shera Energy Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-2027,731.9442,619.14361.435,624.3411,062.67
31-Mar-2129,315.6442,271.92502.676,075.6010,542.28
31-Mar-2232,523.7352,458.21699.506,673.3511,812.67
30-Sep-2233,832.9733,953.72428.257,054.8811,437.59
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 96.09% 66.57%
Promoter Shareholding (Post-Issue) 64.03% 63.51%
P/E Ratio 9.52 15.16
Market Cap ₹39.00 Cr. ₹129.89 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Indong Tea Company IPO retail investors (RII) are offered 23,76,000 shares while in Shera Energy IPO retail investors are offered 23,76,000 shares. Qualified institutional buyers (QIB) are offered in Indong Tea Company IPO and 25,06,000 shares in Shera Energy IPO.

  Indong Tea Company IPO Shera Energy IPO
Anchor Investor Reserveration 15,00,000 shares
Market Maker Reserveration 2,52,000 shares 4,00,000 shares
QIB 25,06,000 shares
NII 23,76,000 shares 8,20,000 shares
RII 23,76,000 shares 18,50,000 shares
Employee 6,00,000 shares
Others
Total 47,52,000 shares 57,76,000 shares

Bids Received (Subscription)

Indong Tea Company IPO subscribed 4.97x in total, whereas Shera Energy IPO subscribed 47.36x.

  Indong Tea Company IPO Shera Energy IPO
QIB (times) 8.73x
NII (times) 2.17x 190.12x
Big NII (times)
Small NII (times)
RII (times) 7.76x 51.30x
Employee (times) 1.46x
Other (times)
Total (times) 4.97x 47.36x

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